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20130209
Search Results 0 to 7 of about 8 (some duplicates have been removed)
revenue is needed to bring down the deficit but believes it can be done without another tax hike. speaking to cbs news anchor scott pelley yesterday, the president said the u.s. can reduce its deficit by closing tax loopholes and making what he calls smart budget reductions. >> if you combine those things together, then we cannot only reduce our deficit, but we can continue to invest in things like education and research and development that are going to help us grow. >> well, today the president travels to minneapolis where he'll push for proposals to gun control durs his visit. susan mcginnis is in washington. good morning. >> good morning. this will be the president's first trip outside washington to push his gun proposalproposals. he's pushing for a big rally in support of this. in the meantime the senators are said to be preparing their own legislation very similar to the president's employee posal but conspicuously absent is the assault weapons ban. he takes his pitch for gun safety to minneapolis today. he wants congress to require universal background checks, limit how many bullets
boehner says tax hikes are out of the question. >> every month with president obama kind of feels the same. high unemployment, rising prices, and more debt for our kids and our grandkids. >> reporter: speaker boehner says he does not want another temporary fix. some other republicans indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. both cuts would take a bite out of military and domestic spending programs including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> on the "cbs moneywatch" now, overseas markets got a boost and postal problems. ashley morrison is here in new york with that and more. good morning, ashley. >> and good morning do you, anne-marie. well top official's resignation from the bank of japan spurred the market this morning. tokyo's nikkei jumped 3% to close out a four-year high while hong kong's hang sang sank half a percent. the dow shot up 99 points to close at 13,979 while the nasdaq gained 40 points. >>> the end of an era at the post office may be near. after losing $16 billion la
an approach that includes more tax revenue and spending cuts. but house speaker john boehner says tax hikes are out of the question. >> every month under president obama kind of feels the same high unemployment rising prices, and more debt for our kids and our grandkids. >> reporter: speaker boehner says he does not want another temporary fix. some house republicans have indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. both cuts would take a big bite out of military spending and domestic programs including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> we're learning more about the dramatic rescue of that young alabama boy held hostage for a week. the boy identified only by his first name, ethan, celebrated his sixth birthday today. when the fbi stormed the bunker where he was held by his captive, the suspect opened fire. the suspect jimmy lee dykes was killed in that fire fight. dykes was accused of killing ethan's bus driver before kidnapping the boy and it appears he was
these automatic cuts. it would involve tax increases by enclosing tax loopholes and spending cuts. republicans are apparently planning to reoffer legislation in the past that would cut the federal work force. anne-marie? >> susan mcginnis in washington, thank you. >>> well, the senate armed services committee has postponed a vote on chuck hagel, president obama's choice to replace pea any ta. the committee wants more information about hagel's finances. >>> and news that the postal service is cutting back mail delivery to five days a week is not sitting well in rural areas of the country or with letter carriers but the post master carrier said it's a choice the service had to make. danielle nottingham reports. >> reporter: no more mail on saturdays. to save money, the u.s. postal service is ending saturday first-class mail delivery beginning in august. many customers saw this day coming. >> i think it's probably long overdue because they've been having so many budget issues. >> i've been doing everything online for a really long time so i don't think it's necessarily going impact my world. >> r
sluggish challenged by a steep decline in defense spending and the impact of higher social security taxes. susan mcginnis is in washington this morning. susan, good morning. >> anne-marie, good morning. we have an economy still struggling despite positive signs like higher consumer spending and business. we expect sluggish growth in today's report. of course, any surprises there could jolt the market. wall street is eagerly awaiting the government's january jobs report. analysts predict the company added jobs last month but not enough to budge the unemployment rate from its current 7.8%. >> it's been a slow process. >> latoya patrick is one of america's estimate 12 million unemployed workers. she's been looking for a job since the fall after graduating with a master's degree. >> i'm not going to lie. it's been tough sometimes. when you're home, you feel like i spent all this time going to school and it's like nobody's giving you a chance. >> economists say until more people like latoya find jobs the economy will continue to suffer. it shrank for the first time in three years. one day afte
Search Results 0 to 7 of about 8 (some duplicates have been removed)